Crude output increase: Will it raise tanker rates?

Jun 19:
Will the potential increase in oil output following a possible consensus on rolling back output cuts have a positive impact on tanker earnings?8The answer is a "no".8There is already a huge surplus capacity, following the relentless fleet growth since early 2016. 8Also, most of the potential gain in production will simply be replacing barrels that have disappeared from the tanker market over the past few months alone.Click on Reports to find out more